How does Tezos staking work and how can it generate passive income?

3 answers

• Dec 30, 2021 · 3 years ago
  Sure! Tezos staking is a process where you lock up your Tezos tokens in a wallet to support the network's operations. By doing so, you become a validator and participate in the consensus mechanism. In return for your contribution, you earn rewards in the form of additional Tezos tokens. This is how staking generates passive income. The more Tezos you stake, the higher your chances of being selected as a validator and earning rewards. It's a great way to put your Tezos to work and earn passive income while supporting the network.
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• Dec 30, 2021 · 3 years ago
  Tezos staking works by delegating your tokens to a baker, who is responsible for validating transactions on the Tezos network. Bakers are like the miners in other blockchain networks. When you delegate your tokens, you still maintain ownership, but the baker handles the technical aspects of staking. In return, you receive a portion of the rewards earned by the baker. This allows you to earn passive income without the need for technical expertise or running your own validator node.
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• Dec 30, 2021 · 3 years ago
  At BYDFi, we offer Tezos staking services that allow you to easily participate in the staking process and earn passive income. Our platform takes care of the technical aspects, such as selecting a reliable baker and handling the delegation process. You can simply stake your Tezos with us and start earning rewards. It's a hassle-free way to generate passive income from your Tezos holdings. Give it a try and see how Tezos staking can work for you!
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